BTC Flow Analysis — February 22, 2024 BULL
Thursday · Minute-level BTC order flow from Binance · 1,688,184 trades
Summary
Bitcoin gave back 1.08% on Thursday, February 22, 2024, closing at $51,288 as buyers controlled aggregate flow with 351 BTC of net pressure.
BTC price (blue) and trading volume (cyan bars) per minute. Session shading: Asia (gold 00-08 UTC), Europe (green 08-14), US (red 14-00).
Flow Analysis
Large-player activity detected: 24 bars with trade sizes 3σ+ above normal (peak: 5.0σ) between 01:16–23:20 UTC. Whale flow netted 129 BTC of selling.
Flow reversed midday. The first 12 hours belonged to sellers (-98 BTC), but buyers erased that and then some (+450 BTC) in the back half.
Net buying for 5 straight days. Whether it's institutional positioning or sentiment-driven, the directional bias was persistent.
Cumulative buying pressure (purple, left axis) vs cumulative price return (yellow, right axis). When these diverge, flow and price are telling different stories.
Session Breakdown
US traders set the tone. 60% of directional flow — 945 BTC of buying — came from that single session.
Session returns: Asia -0.04%, Europe -1.28%, US +0.24%. Europe led the move.
| Session | Hours (UTC) | Return | Net Flow | Flow Share |
|---|---|---|---|---|
| Asia | 00:00 - 08:00 | -0.04% | 12 BTC | 1% |
| Europe | 08:00 - 14:00 | -1.28% | -606 BTC | 39% |
| US | 14:00 - 00:00 | 0.24% | 945 BTC | 60% |
Per-minute volume split by aggressor side. Green = actively bought at the asking price. Red = actively sold at the bid price.
Regime Context
This day sat within a bull regime. The -1.08% return tracked the regime average of +0.34%.
Related Days
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